#luxury real estate Brokerage in Toronto

[nancysaedihome]

Hire our Real Estate Agent for the Best luxury real estate in Toronto

We are one of the leading and legit companies in Toronto. Our goal is to deliver the best solutions to all our clients. You are searching for a professional, experienced luxury real estate Brokerage in Toronto. Our agents are experienced and have amazing knowledge about the market. You can choose our real estate agent for the best solutions. We assure you that you will only get the best deal under our roof. Whether you are searching for a real estate agent to purchase luxury modern homes in toronto or a property owner looking for a buyer, we are here to fulfill all your needs. We provide comprehensive real estate solutions.

#luxury real estate Brokerage in Toronto #luxury modern homes in toronto

[rightstephome]

Best Real Estate Agent Vaughan

Right Step Home provides professional real estate brokerage service for buyers and sellers in residential and commercial properties. Contact with us today.

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[finnietherealtor11]

Discover Canada's Finest Properties: MLS Listings at Your Fingertips

Are you in search of your dream home or perhaps considering a lucrative investment in Canadian real estate? Look no further than MLS listings, your ultimate resource for exploring the finest properties across Canada. From cosy condos in bustling cities to sprawling estates nestled in picturesque landscapes, the MLS database offers a diverse range of options to suit every lifestyle and preference. Let's dive into how MLS Listings put the power of discovery right at your fingertips.

What is MLS?

MLS stands for Multiple Listing Service, a comprehensive database used by real estate professionals to list properties for sale or rent across Canada. This centralized platform aggregates listings from various real estate brokerages, providing a one-stop shop for buyers, sellers, and agents alike. With MLS, prospective buyers gain access to an extensive inventory of properties, complete with detailed information and images, making the home-buying process more transparent and efficient.

Exploring Canada's Diverse Real Estate Market

Canada boasts a diverse real estate market, characterized by its vast geographical landscapes, thriving urban centres, and charming rural communities. Whether you're seeking a waterfront retreat in British Columbia, a chic condo in downtown Toronto, or a historic home in Quebec City, MLS listings offer a window into the country's rich tapestry of properties.

In major cities like Vancouver, Toronto, and Montreal, condominium living reigns supreme, offering convenience, amenities, and unparalleled urban experiences. Explore MLS listings to find the perfect condo unit, whether you prefer a sleek high-rise with panoramic views or a boutique loft in a trendy neighbourhood.

For those drawn to the tranquillity of suburban or rural living, MLS listings feature a plethora of single-family homes, townhouses, and country estates across Canada's provinces and territories. From cosy bungalows nestled amidst rolling hills to luxurious mansions with sprawling grounds, there's something to suit every taste and budget.

The Benefits of Using MLS Listings

One of the primary advantages of utilizing MLS listings is the sheer convenience and accessibility they offer. Whether you're browsing from the comfort of your home computer or using a mobile device on the go, MLS puts an extensive array of properties right at your fingertips. With advanced search filters, you can narrow down your options based on criteria such as location, price range, property type, and amenities, allowing you to focus on listings that align with your specific preferences.

Furthermore, MLS listings provide comprehensive information about each property, including detailed descriptions, interior and exterior photos, virtual tours, and pertinent details such as square footage, number of bedrooms and bathrooms, and property features. This wealth of information empowers buyers to make informed decisions and eliminates the guesswork often associated with traditional property searches.

Navigating the Home-Buying Process with MLS

Once you've identified properties of interest through MLS listings, it's time to embark on the home-buying journey. If you're working with a real estate agent, they can guide you through the process, from scheduling viewings and submitting offers to negotiating terms and navigating the complexities of closing the deal. For sellers, MLS listings provide unparalleled exposure, ensuring that your property reaches a wide audience of potential buyers and maximizing its visibility in the marketplace.

Conclusion

Discovering Property in Canada has never been easier, thanks to MLS listings. Whether you're a first-time homebuyer, a seasoned investor, or a seller looking to showcase your property to a broad audience, MLS offers a user-friendly platform that streamlines the real estate experience. From urban condominiums to rural retreats, the MLS database unlocks a world of possibilities, putting the keys to your dream home right at your fingertips.

So why wait? Start exploring MLS listings today and embark on your journey to finding the perfect property in Canada. Your dream home awaits!

[savemax]

Unlocking Opportunities with Save Max Real Estate: A Trusted Partner in Your Property Journey

Brampton, ON - In the bustling world of real estate, one name stands out for its commitment to excellence and a track record of turning dreams into reality - Save Max Real Estate. As a leading brokerage firm based in the heart of Brampton, Save Max has been synonymous with professionalism, innovation, and unwavering dedication to its clients. Let's delve into the realm of Save Max, where the journey to homeownership becomes a seamless and fulfilling experience.

A Legacy of Excellence:

Established with a vision to redefine real estate services, Save Max has consistently set the bar high. Over the years, the brokerage has carved a niche for itself by combining traditional values with cutting-edge technology. Their team of experienced and passionate real estate professionals has been at the forefront of guiding clients through the intricacies of buying and selling properties.

Client-Centric Approach:

What sets Save Max apart is its unwavering focus on the client. Each interaction is marked by personalized attention, ensuring that the unique needs and aspirations of every individual are met. Whether you are a first-time homebuyer or a seasoned investor, Save Max understands that real estate transactions are not just about properties; they're about fulfilling dreams and creating a foundation for the future.

Innovative Technology for Seamless Transactions:

Save Max harnesses the power of technology to simplify the real estate process. From advanced property search tools to virtual tours and secure online transactions, the brokerage leverages innovative solutions to enhance the client experience. The use of data-driven insights empowers clients to make informed decisions, adding a layer of transparency to the entire real estate journey.

Diverse Portfolio of Listings:

Save Max takes pride in offering a diverse portfolio of listings, ranging from cozy starter homes to luxurious estates. Whether you're seeking a property in Brampton or exploring opportunities in the Greater Toronto Area, Save Max's extensive network and local expertise ensure that you have access to a wide array of options.

Community Engagement:

Beyond transactions, Save Max is deeply rooted in the communities it serves. The brokerage actively engages in philanthropic endeavors, supporting local initiatives and fostering a sense of community. This commitment goes beyond the transactional aspect of real estate, reflecting Save Max's dedication to making a positive impact in the neighborhoods it operates in.

Your Real Estate Journey Starts Here:

For those embarking on the exciting journey of buying or selling a property, Save Max Real Estate stands as a trusted partner. With a legacy of excellence, a client-centric approach, and a commitment to innovation, Save Max is not just a brokerage; it's a gateway to realizing your homeownership dreams.

Connect with Save Max:

To explore the world of possibilities with Save Max Real Estate, visit https://savemax.com/ or contact the dedicated team at [phone].

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[amitairi8340]

Your Trusted Real Estate Agent for Buying and Selling Homes in Ontario | Amit Airi

Introduction:

When it comes to buying or selling a house in Ontario, it's crucial to have a knowledgeable and trustworthy real estate agent by your side. Amit Airi is a seasoned professional who has established himself as one of the top real estate agents in Ontario, with a particular focus on Cambridge and Toronto. With a deep understanding of the local market and a commitment to client satisfaction, Amit is dedicated to helping individuals and families navigate the complex world of real estate transactions. Whether you're looking to buy a new home, sell your property, or explore pre-construction opportunities, Amit Airi is the expert you can rely on.

Top Real Estate Agents in Ontario:

Amit Airi has earned his reputation as one of the top real estate agents in Ontario through his exceptional service and industry knowledge. With years of experience, he has honed his skills in understanding clients' needs, finding the perfect properties, and negotiating favorable deals. Amit's expertise extends to various locations in Ontario, including Cambridge and Toronto, making him a versatile agent capable of meeting diverse real estate requirements.

Real Estate Brokers in Cambridge:

As one of the leading real estate brokers in Cambridge, Amit Airi possesses a comprehensive understanding of the local market dynamics and trends. Cambridge is a vibrant city known for its beautiful landscapes, thriving economy, and diverse housing options. Whether you're interested in buying or selling a house in Cambridge, Amit's in-depth knowledge and strategic approach ensure that you achieve your real estate goals with confidence.

Top Real Estate Agents in Toronto:

Recognized as one of the best real estate agents in Toronto, Amit Airi brings his expertise to the competitive real estate market of this bustling metropolis. Toronto is a city that offers a multitude of housing opportunities, from luxurious condos to charming suburban homes. Amit's familiarity with the intricacies of the Toronto market allows him to guide clients through the process, offering valuable insights and ensuring their interests are protected.

Top Real Estate Brokerages in Toronto:

As a trusted agent associated with top real estate brokerages in Toronto, Amit Airi is backed by the resources and support of reputable firms. This affiliation enables him to provide clients with access to a wide range of listings, market data, and professional networks. With the backing of a renowned brokerage, Amit stays at the forefront of industry trends and leverages cutting-edge tools and technology to deliver outstanding results for his clients.

Buying a House in Ontario:

For those looking to buy a house in Ontario, Amit Airi is the go-to real estate agent. He understands that purchasing a home is a significant investment, and he guides his clients through every step of the process. Amit takes the time to understand their preferences, budget, and desired location to identify suitable properties. With his keen eye for detail, he presents the best options available, ensuring a seamless and enjoyable buying experience.

Buying a House in Cambridge:

Cambridge is an attractive destination for homebuyers, offering a blend of natural beauty, modern amenities, and a strong sense of community. Amit Airi specializes in helping individuals and families find their dream homes in Cambridge. From established neighborhoods to new developments, Amit's extensive knowledge of the local market ensures that clients are presented with a diverse range of options that match their lifestyle and budget.

New Homes in Cambridge:

As the demand for new homes continues to rise in Cambridge, Amit Airi stays abreast of the latest developments and emerging opportunities. With his finger on the pulse of the market, he can connect clients with new construction projects that align with their preferences and investment goals. Whether you're seeking a modern condo or a spacious single-family home, Amit can guide you through the process of buying a new home in Cambridge.

Selling Homes in Toronto:

For homeowners looking to sell their properties in Toronto, Amit Airi provides comprehensive marketing strategies and personalized service. He understands the importance of presenting a property in its best light to attract potential buyers. Through strategic pricing, effective staging, and targeted advertising, Amit ensures that his clients' homes receive maximum exposure in the competitive Toronto market, leading to a successful sale.

New Homes for Sale in Ontario:

Amit Airi's expertise extends to the ever-growing market of new homes for sale in Ontario. With his knowledge of the latest pre-construction projects and access to exclusive listings, Amit assists clients in finding new homes that match their preferences and investment objectives. Whether you're a first-time buyer or an experienced investor, Amit's guidance ensures that you make informed decisions in this exciting segment of the real estate market.

Houses for Sale in Ontario, Canada:

Ontario offers a wide range of housing options, from detached houses to townhomes and condos. Amit Airi helps buyers navigate the vast inventory of houses for sale in Ontario, Canada. He employs his market insights and negotiation skills to find the ideal property that suits their needs, preferences, and budget. With his guidance, clients can secure their dream homes in this diverse and dynamic province.

Pre-Construction Homes in Cambridge:

As the popularity of pre-construction homes grows, Amit Airi assists clients in exploring this exciting opportunity in Cambridge. With his extensive knowledge of the pre-construction market, he provides valuable advice on emerging projects, builder reputations, and investment potential. Amit ensures that clients stay informed about pre-construction options, enabling them to make well-informed decisions and secure their desired properties.

Pre-Construction Homes in Ontario:

Amit Airi also caters to clients interested in pre-construction homes throughout Ontario. He understands the unique aspects of purchasing properties before they are built and offers guidance on selecting reputable builders, understanding contracts, and maximizing investment potential. Amit's expertise in pre-construction properties allows clients to take advantage of this growing trend in Ontario's real estate market.

Conclusion:

Amit Airi is an esteemed real estate agent known for his expertise in buying and selling homes in Ontario. With a focus on Cambridge and Toronto, he has earned his place among the top real estate agents in the region. Amit's commitment to client satisfaction, in-depth market knowledge, and dedication to staying ahead of industry trends make him the ideal partner for all your real estate needs. Whether you're buying a new home, selling your property, or exploring pre-construction opportunities, Amit Airi's guidance ensures a seamless and successful experience in the Ontario real estate market.

#real estate agent ontario #canada #real estate agent

[jacksonwilliamca]

FAQs on Real Estate as a Career

Q: What qualifications do I need to pursue a career in real estate?

A: The qualifications required can vary depending on your location. In many places, you will need to complete a pre-licensing course and pass a licensing exam to become a real estate agent. Some states or countries may have additional educational requirements or regulations. Research the specific requirements in your area to ensure you meet the necessary qualifications.

Q: How long does it take to become a licensed real estate agent?

A: The time it takes to become a licensed Real Estate Broker In Toronto can vary. Pre-licensing courses can typically be completed within a few months, and the licensing exam may be scheduled shortly after. However, it's important to note that the timeline also depends on factors such as your availability to complete the coursework and the exam dates offered by the licensing board.

Q: What skills are important for success in real estate?

A: Several skills are crucial for success in real estate. Strong communication and interpersonal skills are essential for building relationships with clients and negotiating deals. Sales and negotiation skills are also important for closing deals and securing favorable terms. Market knowledge, financial literacy, problem-solving abilities, and a strong work ethic are other skills that can contribute to your success in the industry.

Q: How do real estate agents earn income?

A: Top Real Estate Agents typically earn income through commissions. When they help a client buy or sell a property, they receive a percentage of the transaction's value as their commission. The commission rates can vary, but it is typically around 5-6% of the property's sale price. It's important to note that agents are not paid a salary and their income is dependent on their sales and the commissions they earn.

Q: Is it necessary to join a real estate brokerage?

A: In most cases, yes. Real estate agents typically work under a licensed real estate brokerage. The brokerage provides support, training, and resources to agents, as well as a platform to conduct their business. Joining a reputable brokerage can offer benefits such as access to leads, marketing materials, and mentorship opportunities.

Q: Can I work as a part-time real estate agent?

A: Yes, it is possible to work as a part-time real estate agent. Many agents start their careers part-time while maintaining other employment. However, keep in mind that real estate can be demanding, and it requires time and effort to be successful. It's important to assess your availability and commitment to ensure you can meet the needs of your clients and the demands of the industry.

Q: What career opportunities are available within the real estate industry?

A: The real estate industry offers various career opportunities beyond being a real estate agent. You can explore roles such as property manager, real estate appraiser, real estate developer, real estate analyst, real estate consultant, and more. Each role has its own specific requirements and responsibilities, so it's essential to research and determine which path aligns with your interests and goals.

Q: Can I specialize in a specific area of real estate?

A: Yes, specializing in a specific area of real estate can be advantageous. You can choose to specialize in residential properties, commercial properties, luxury properties, rental properties, or even a niche market like sustainable or eco-friendly properties. Specializing allows you to become an expert in a particular field and cater to a specific clientele.

Q: Is real estate a stable career choice?

A: Real estate can provide a stable and lucrative career for individuals who are dedicated and willing to put in the effort. The industry's stability can vary depending on economic conditions and market fluctuations. However, the demand for real estate is generally consistent, as people will always need homes and businesses will require commercial spaces.

Q: How can I grow and advance in my real estate career?

A: To grow and advance in your real estate career, it's important to continually update your skills and knowledge through ongoing education and professional development. Building a strong network and establishing a solid reputation in the industry can also open doors to new opportunities. Additionally, setting goals, being proactive, and seeking mentorship can help you progress and achieve success in your real estate career.

Remember, these FAQs provide general information, and it's important to research and understand the specific regulations and requirements in your local area to pursue a successful career in real estate.

#Real Estate Broker In Toronto #Top Real Estate Agents

[bokauffmann]

March 28 Briefing ; Luxury Home Survey in Canada

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Tuesday, March 28th, 2023…

  Today is National Weed Appreciation Day and suitably, National Black Forest Cake Day…..dude!

  Real Estate brokerage Royal LePage did a study recently to see how much home you could buy for a million dollars.

  On average, Canada wide, a million will buy your nearly 1800 sq feet, with 3.2 bedroom and 2.6 baths.

  As you can probably guess, that’s not happening in Vancouver, where a cool mil gets you less than 1,000 sq feet, and not even 2 bathrooms.  If you want more house, You’ll have to live on Kraft Dinners.

  Toronto is next, where you’ll get 1230 sq feet, nearly 3 bedrooms and still less than 2 bathrooms on average.

  Best bang for your buck?  You guess it:  Winnipeg comes in as one of the most affordable cities.  Last month, a 2300 sq ft home with 4 BR and 3 baths sold for 1.15 million

And a newer 2300 ft home in E St Paul sold for 975K….enough money left over to buy a nice chesterfield….or an ottoman.

  Incidentally, right now there are 44 homes on Winnipeg’s market priced at 1 Million plus.  The 4 most expensive ones are all located in Tuxedo.

  The Luxury Home Marketing Institute defines a luxury home as one which is worth 1 million or more.

  Add us to your daily routine by going to boknows.homes/alexa

Check out this episode!

[topluxuryrealestatebroker]

WWW.TOPLUXURYREALESTATEBROKER.CA When you’re looking to buy, sell, invest or for real estate market condition, reports and information to help you make vital real estate business or financial decisions, please feel free to call your trusted, reliable and knowledgeable friend in the business Joseph Azimi, Award Winning Hall Of Fame Luxury Real Estate Broker With RE/MAX Real Estate Centre Inc., Brokerage. If you have been thinking of selling, or a neighbor, friend or family that is, now just might be the right time. SELL FAST, SELL FOR MORE IN TORONTO, OAKVILLE, VAUGHAN & MISSISSAUGA. If you’re thinking to sell and looking for an expert realtor who is extremely professional, go getter, deal maker, motivator and who cares so much for your best interest than Look no more... You Found...🚨WWW.JOSEPHAZIMI.CA🚨 TO HEAR MORE ABOUT YOUR OPTIONS CALL US NOW AND FIND OUT HOW? 647.588.7171 or Visit Our Website WWW.IDOREALESTATE.CA. WE APPRECIATE YOUR SUPPORT & REFERRALS. #CLHMS #ABR #SRS #CNE #SRES #ingodwetrust #godisgreat #certifiedluxuryhomemarketingspecialist #sellersrepresentativespecialist #certifiednegotiationexpert #accreditedbuyersspecialist #celebritiesrealestatebroker #bestrealestateagentRichmondHill #bestrealestateagentMississauga #bestrealestateagentVaughan #bestrealestateagentToronto #bestrealestateagentsoakville #bestrealestateagentOakville #luxuryrealestatebrokerinoakville #luxuryrealestatebrokerinToronto #luxuryrealestatebrokerinVaughan #luxuryrealestatebrokerinRichmondHill #remaxoakville #remaxtopbrokeroakville #remaxtopproducer #remaxbroker #remaxtopbroker #remaxtopbrokertoronto #remaxagenttoronto #josephazimi (at Toronto GTA (Great Toronto Area)) https://www.instagram.com/p/CiV0TRzPvB6/?igshid=NGJjMDIxMWI=

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[harmailsidhu-blog]

Harmail Sidhu homes brings you the luxury Toronto Apartments for Sale, visit our website and check the listings according to your needs with 0 hassle, 0 risk, and 0 sacrifices.

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[iconica-blog]

3 Sumac Ct, Blackstock, ON. Canada New listing, it a must see home! 🚨🚨 Contact Cristian Vergara Real Estate Sales Representative, Sutton Group Heritage Realty Inc., Brokerage, independently owned and operated 416-225-2290 Follow us 🇨🇦 @iconica.ca Follow us 🇨🇦 #iconicavideo Follow us 🇨🇦 #iconicaphoto #torontorealestate #realestatetoronto #realestate #property #toronto #renovations #downtownrealestate #realestatebrampton #luxuryrealestate #realestatetoronto #home #homes #homeforsale #propertyforsale #realestatephotography #realestateagent #commercialphotography #iconicaphotography #forsale #twilightphotography #toronto #staging #video #realestatevideo #propertyvideo #torontovideo #luxury (at ICONICA Communications Inc.) https://www.instagram.com/p/CT7kYy8lzjF/?utm_medium=tumblr

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[nancysaedihome]

Luxury Real Estate Brokerage in Toronto, CA

Connect with Nancy Sadie Luxury Homes Luxury Real Estate in Toronto View our exclusive listing of homes and connect with an agent for Nancy Sadie Luxury Homes. Visit our site today to buy or sell your dream home: https://nancysaedi.com/

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[rightstephome]

Luxury Houses For Sale In Toronto

Are you looking for new luxury houses for sale in Toronto?. Right Step Home provides best real estate properties brokerage service for buyers and sellers in residential and commercial. Contact with us today.

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[nancysaedi]

Luxury Real Estate Brokerage in Toronto

Nancy Saedi has gained popularity as one of the professional real estate brokers in Toronto and earned membership in the million-dollar guide by her outstanding sales performance. Whether buying or selling, she takes pride in helping the clients achieve their real estate property goals beyond expectations. Her successful track record stands out in the crowd. Visit the website to know more: -  https://www.nancysaedi.com/about/

[orbemnews]

How the Pandemic Left the $25 Billion Hudson Yards Eerily Deserted When Hudson Yards opened in 2019 as the largest private development in American history, it aspired to transform Manhattan’s Far West Side with a sleek spread of ultraluxury condominiums, office towers for powerhouse companies like Facebook, and a mall with coveted international brands and restaurants by celebrity chefs like José Andrés. All of it surrounded a copper-colored sculpture that would be to New York what the Eiffel Tower is to Paris. But the pandemic has ravaged New York City’s real estate market and its premier, $25 billion development, raising significant questions about the future of Hudson Yards. Hundreds of condominiums remain unsold, and the mall is barren of customers. Its anchor tenant, Neiman Marcus, filed for bankruptcy and closed permanently, and at least four other stores, as well as several restaurants, have also gone out of business. The development’s centerpiece, the 150-foot-tall scalable structure known as the Vessel, closed to visitors in January after a third suicide in less than a year. The office buildings, whose workers sustained many of the shops and restaurants, have been largely empty since last spring. Even more perilous, the promised second phase of Hudson Yards — eight additional buildings, including a school, more luxury condos and office space — appears on indefinite hold as the developer, the Related Companies, seeks federal financing for a nearly 10-acre platform on which it will be built. Related, which had said the entire project would be finished in 2024, no longer offers an estimated completion date. The project’s woes are in many ways a microcosm of the broader challenges facing the city as it tries to recover. Related said it was counting on wealthy buyers filling its condos and deep-pocketed customers packing the mall to make Hudson Yards financially viable. But that was before the coronavirus arrived in New York. With the pandemic forcing white-collar workers to stay home — and keeping foreign buyers and tourists away — it is not clear when, or if, demand will reignite for the vast supply of upscale aeries and blue-chip office space crowding the city’s skyline. “The challenges facing Hudson Yards aren’t unique,” said Danny Ismail, an analyst and lead of office coverage for the real estate research firm Green Street Advisors. “All commercial real estate in New York City has been impacted by Covid-19. However, I would argue that post-pandemic, Hudson Yards and the area around it will be one of the better office markets in New York City.” The creation of Hudson Yards capped nearly 30 years of planning for the last large, undeveloped parcel in Manhattan, industrial land between Pennsylvania Station and the Hudson River. It is New York’s largest public-private venture and the city’s biggest development since Rockefeller Center in the 1930s, aided by roughly $6 billion in tax breaks and other government assistance, including the expansion of the subway to the West Side. Even with the subway expansion, Hudson Yards is still relatively isolated from the rest of Manhattan, off the beaten path from the busiest avenues for tourists, shoppers and workers. Related acknowledged that it was facing the same financial problems as the rest of the city, but said tenants were still moving into the project’s office buildings and that Hudson Yards would eventually rebound. Four office buildings at Hudson Yards — including 50 Hudson Yards, which is under construction — are 93 percent leased, a spokesman for Related said, though it is unclear how much of that occurred last year. Facebook signed a lease in late 2019 for roughly 1.5 million square feet. “Our strong office leasing, even during the pandemic, is why we’re well positioned to lead New York’s comeback from Covid and why the adjacent neighborhoods and the entire West Side will recover faster,” the spokesman, Jon Weinstein, said. Still, the troubles confronting Hudson Yards have caused Related to rethink its plans. Led by its billionaire founder Stephen M. Ross, the company set out to build Hudson Yards in two phases. The first phase, which opened in 2019, has four office towers, two residential buildings, a hotel and the mall. The second part was supposed to include 3,000 residences across eight buildings closer to the Hudson River, as well as a 750-seat public school and hundreds of low-cost rental units. At least 265 apartments are meant to be “permanently affordable,” according to a 2009 agreement between City Hall and Related. In total, Hudson Yards was expected to stretch 28 acres over existing rail yards and encompass 18 million square feet of space, roughly double the size of downtown Phoenix. The developer has considered an array of new options, including even a casino, though that idea is no longer front and center, according to Mr. Weinstein. Related cannot construct the second half until it builds a deck over the rail yard. The company, along with Amtrak, has been in discussions with the federal Department of Transportation about a low-interest loan to finance the platform and preserve the right of way for a new rail tunnel under the Hudson that Amtrak is planning to build. Related has been seeking more than $2 billion, according to two officials briefed on the proposal who were not permitted to discuss it publicly. “The residential is going to have to recover, or they switch it up and look at a different product mix over there,” said Robert Alexander, chairman of the tristate region for the real estate brokerage CBRE, which is marketing space at Hudson Yards. “To me, it’s a major development site and there’s very, very, very few major development sites in New York.” Related is also facing pressure from its investors to deliver a fuller accounting of the project’s finances. A group of 35 investors from China — a sliver of the roughly 2,400 who contributed $1.2 billion to Hudson Yards — sued the company last year, accusing it of refusing to open its books or say when it might repay their investments. An arbitrator in the case recently denied the investors’ claims and ruled that Related was not required to disclose detailed financial information. The company’s lawyers said that Hudson Yards was facing “significant headwinds as a result of Covid-19” and that because of the economic downturn and lockdown restrictions, it may be unable to recoup its investment in at least one property there, 35 Hudson Yards, a mixed-use tower with a hotel, according to filings in the case obtained by The New York Times. Another group of Chinese investors, whose contributions of $500,000 per person were part of a United States visa program that can grant them a path to citizenship, are said to also be considering filing a similar lawsuit against Related, according to a person familiar with the situation who was not authorized to speak publicly. Related made it clear before the outbreak that it intended to earn the bulk of its money at Hudson Yards through its condos and mall since Mr. Ross said it had been leasing office space at cost, without taking a profit. The pandemic has laid bare the tough road Related faces. In 2020, 30 residential units sold at Hudson Yards, compared with 157 the year before, according to an analysis for The Times by the appraisal firm Miller Samuel. So far this year, several condos are under contract at Hudson Yards, according to Related, a possible sign that the market may be stabilizing. Still, Manhattan has a record number of condos for sale right now, especially luxury units like those at Hudson Yards, and it could take years for sales to truly bounce back, according to Nancy Wu, an economist at StreetEasy. “Hudson Yards was built for a buyer that’s no longer there and maybe partly a tenant that’s no longer there, and that was someone who wanted to live in Manhattan but not live in the city per se,” said Richard Florida, a professor at the University of Toronto’s Rotman School of Management and School of Cities, referring to the development’s homogeneity and somewhat isolated location. The retail picture is also bleak. The vast space occupied by the failed Neiman Marcus store will no longer be taken by another retailer. Instead, Related will convert it into more offices. In the meantime, the company has intervened in Neiman Marcus’s bankruptcy case claiming that the department store owes $16 million for breaking its lease and an additional $129,000 for the removal of its signage throughout the mall, including a giant sign that hung in a five-story glass atrium. While the mall was closed by lockdown orders from mid-March to early September, shoppers are still largely absent. Related has battled its other beleaguered retail tenants, even threatening stores with $1,500 per day fines for failing to stay open after the mall reopened. Several stores, including Forty Five Ten, a luxury clothing store from Dallas that opened alongside Neiman Marcus, have shuttered permanently. The mall opened with 79 stores and now has 89, Related said. Related said the mall had added at least 11 stores since September, including Herman Miller, Levi’s and Sunglass Hut. In the weeks before Christmas, tourists and office workers were in short supply and some stores were still closed, while others like Rolex were open by appointment only. Mall employees far outnumbered shoppers inside the cavernous building, where the most crowded spot seemed to be the line at Blue Bottle Coffee. Weekday traffic at the Hudson Yards subway station, part of the No. 7 line extension the city paid for to help make the development possible, plunged to an average of 6,500 riders in December, a sharp drop from the 20,000 daily average in 2019, according to the Metropolitan Transportation Authority, which runs the subway. The lack of shoppers at the mall has cut into Related’s revenue because the company structured some retail leases so that shops pay rent based on a percentage of their monthly sales. In addition, a number of leases were specifically tied to the fate of Neiman Marcus — if it closed, smaller stores would not have to pay rent or could break their leases without penalty. Related would not comment about its terms with tenants, including whether any were withholding rent payments. Mr. Weinstein, the company spokesman, said that retail would “always be a key element of our new neighborhood.” Despite the uncertainty, Hudson Yards has already helped turn the neighborhood into a key business district and part of a stretch of Manhattan along the West Side that is becoming a major tech corridor. The development has attracted a who’s who of companies, including HBO, CNN, L’Oréal USA, BlackRock and Tapestry, the parent company of Coach, Kate Spade New York and Stuart Weitzman. “I think New York City will be fine, and Hudson Yards will be fine,” Mr. Florida said. “Will Hudson Yards be the same as it is envisioned? That’s the open question.” Source link Orbem News #Billion #Deserted #Eerily #Hudson #left #Pandemic #yards

[topluxuryrealestatebroker]

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[ahmeddawn]

Donald Trump - A True Real Estate Entrepreneur

Donald Trump and Real Estate

First Published Date: Mar 1, 2011

Even in these days of severe recession it is only the likes of Donald Trump who can say, “Well, real estate is always good, as far as I’m concerned.” For him it has always been “It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.”

Being born to Fred Trump, a New York property developer on June 14th, 1946, Donald Trump began his journey in the real estate industry quite early in his life and went on to stamp the Trump brand name on many prestigious properties in New York. Many prime properties including fine hotels, building complexes and casinos in New York City bear Trump’s name.

Since a young age, Donald was strongly influenced by his father’s business sense and he acknowledges the same by stating that his father was his mentor and that he learned tremendous knowledge from him especially in the construction industry. Donald Trump completed his studies at Wharton Business School and subsequently joined the real estate business developed by his father. During the 5 years that he worked in the family business under his father, Donald Trump made numerous profitable deals to an extent where his father even admitted to Donald’s having a Midas touch and said that whatever Donald touched seemed to turn to gold. Donald gained invaluable business skills under his father and then moved on to test the waters of the Manhattan real estate market. He successfully acquired numerous exclusive properties here, including Trump Taj Mahal Casino Resort, Trump Casino, Trump Tower, Trump Marina Hotel, Trump International Hotel, etc. Donald’s portfolio of prestigious properties just seemed to grow exponentially. All the real estate properties that become a part of the Trump Empire proudly carry the Trump name prominently, not only in their titles but also by the symbolic “T” displayed on distinctly visible areas of the building.

The Trump organization has been responsible for recognized developments across the world and also happens to be the only luxury super brand in global real estate. Its leadership in developing real estate, sales and marketing as well as property management is unparalleled. They have been able to maintain a high level of excellence and luxury in all their real estate projects that range from retail and office properties to residential complexes. Trump properties have been sought after for the quality and excellence they stand for. The Trump organization demands superior quality and perfection in minute details no matter what the project is; whether it is a hotel or a residential project, a luxury resort or a golf course, or even if it is a commercial and retail office – they all get the Trump treatment. The lifestyle and experience that Trump offers on owning one of their properties is unparalleled. The standard of perfection is visible in every aspect, from the design-driven facades created with cutting edge technology by renowned architects and the flawless interiors in which no detail is considered trivial. These are specifically designed to consistently maintain the world-class service that Trump is so renowned for.

The Trump organization owns 26 domestic properties in the U.S.A and 6 international properties. One such domestic property is the Trump International Golf Club and residences in Puerto Rico. This property has been developed to combine a beach resort with a world-class golfing facility and lavish residences over one thousand acres on a private peninsula on the Atlantic Ocean. The highlights of the property are pristine beaches and exquisite landscapes with an oceanic view in the front and the lush greenery of El Yunque Rainforest creating an appealing background. The property houses 3- and 4-bedroom residences, two world-class 18-hole golf courses, a 46,000 square-ft. clubhouse with an outdoor pool, a fitness center, a spa and many restaurants.

The Trump organization’s investment in global real estate encompasses Capcana in Dominican Republic, Dubai, Israel, Istanbul in Turkey, Panama City, Seoul in South Korea and Toronto in Canada. The Trump Farallon Estates in Cap Cana, Dominican Republic has been one of the most significant real estate developments in the Caribbean. The white sands, the crystal blue water, the coral reefs, the palm trees, the wildlife sanctuaries that all make up the mesmerizing Caribbean attract investors from across the world to the Trump Farallon Estates. This complex has more than 1000 residential units, a 350-room Club Hotel, an international golf course and 2 condominium residential units.

Future plans of the Trump organization include real estate development through hotels in Scotland’s Aberdeen, New Orleans, LA, Cap Cana in Dominican Republic and in Dubai, UAE. Almost all the hotels developed by Trump have luxurious guestrooms and suites, with most of them providing stunning oceanic views, golf courses and golf villas, private access to beaches, exclusive beach club, boutique shopping and fine dining.

The organization is not limited to only development and sales of properties but also has a division dedicated to providing real estate brokerage services in both commercial and residential sectors. They provide discreet, professional and quality service. Through a simple form on their website, the team of brokers dealing directly with Trump apartment owners or Greenthal managed buildings help provide the best brokerage in any area that one may be looking for. Their other services include portfolio expansion through ground-up development projects, existing property redevelopment, repositioning of properties that are under-performing as well as reflagging of currently operational hotels. The Trump organization has a stake in almost every aspect of real estate property development and with its 35-year history in hotel development and management they have proved themselves to be an unparalleled leader in the industry.

Trump has not only been successful as a real estate developer but in other areas of businesses too. Apart from this, he even bears a celebrity personality with many magazines and gossip columns frequently reporting news about him. He has also been the inspiration for television programs and he even starred in his own 2004 reality program, The Apprentice.

#International Real Estate